President Trump’s meme coin, $TRUMP, postponed insider token unlocks by 90 days, affecting 80% of its supply. A dinner invitation for the top 220 token holders caused its value to surge over 50%, generating nearly $900,000 in trading fees for insiders. Senators Warren and Schiff called for an ethics investigation, citing concerns over potential “pay to play corruption.” Since its launch, $TRUMP has accrued over $350 million in fees for close associates of Trump, who is involved in several cryptocurrency initiatives. Critics labeled the dinner arrangement a significant ethical breach, raising concerns about access to the president via investments.
Trump Meme Coin Delays Token Unlocks as Dinner Contest Raises Ethics Questions
